Correa's election win confirmed

Rafael Correa's economic policies swayed Ecuadorian voters.

    Correa is a friend of Hugo Chavez
    Correa has repeated pledges to set a cap on debt payments and boost state control over energy resources.
    He has also named leftist economists and human rights workers as possible members of his cabinet after he is sworn in on January 15.
    Javier Ponce, a political commentator, said: "He will be more pragmatic when he gets into power, but he will push forward a series of deep reforms that he pledged during his campaign."
    Corrupt and inefficient
    Correa attracted voters with promises to help the poor with more social spending and to remove the country's political old guard who many see as corrupt and inefficient.
    Correa's plans for a deep political overhaul through a popular assembly with powers to rewrite the constitution has worried some politicians and sparked fears that he would draft a new document to consolidate his power.
    Correa could run into a fierce battle with Congress over his proposed reforms and threaten the flimsy political stability of a country that has seen three presidents toppled in a decade, experts said.
    Correa's victory bolstered Chavez's drive to secure leftist alliances in Latin American to counter US influence in the region and export his "socialist revolution".
    Chavez, an outspoken critic of George Bush, was re-elected by a landslide on Sunday.

    SOURCE: Agencies


    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    Strong quotes for Martin Luther King Jr Day

    Quotes from Martin Luther King Jr that resonate today

    Quotes of justice, education, religion and race said by MLK Jr.

    Bitcoin: Know the risks before you buy

    Bitcoin: All you need to know before you buy

    'Bitcoin is right now the riskiest investment you can make.' Here are the risks you should consider before you buy.